SOURCE: Worldwide Energy & Manufactuing USA, Inc.

Worldwide Energy & Manufactuing USA, Inc.

February 17, 2011 07:10 ET

Worldwide Energy & Manufacturing USA, Inc. Provides Update on Facility in Nantong, China

Company Expects to Benefit From Lower Overhead Costs and Continues to Add Personnel to Support Growth

SOUTH SAN FRANCISCO, CA--(Marketwire - February 17, 2011) - Worldwide Energy & Manufacturing USA, Inc. (OTCBB: WEMU) ("Worldwide" or the "Company"), a rapidly growing supplier of photovoltaic (PV) solar modules under the 'Amerisolar' brand, today provided an update on its photovoltaic (PV) manufacturing and research facility in Nantong, China.

The Company's Nantong facility, which began operations in late July 2010, is constructed on a green-field site and has a current manufacturing capacity of 100 megawatts (MW) per year. The site is large enough to accommodate two building expansions that, if such expansion occurred, would increase its total manufacturing capacity to 300 MW per year. Worldwide's state-of-the-art Research & Development ("R&D") center, located in its Nantong facility is focused on increasing system and module efficiency and is led by a team of experts in PV solar technology. The Company's R&D team has filed several patents to improve and expand its product portfolio.

"We continue to add personnel at our Nantong facility, not only on the production side, but also on the R&D side," stated Jimmy Wang, CEO of Worldwide. "This is the first U.S.-based renewable energy facility in the Rugao municipality in Nantong, and community officials were very pleased that we chose this location. From a manpower standpoint, we have recently increased the number of technicians and engineers and our overall workforce in order to increase the production output from this facility. We anticipate that this new facility will enable us to enhance our gross margin as we increase our production rates in the future."

About Worldwide Energy & Manufacturing USA, Inc.

Worldwide Energy & Manufacturing USA, Inc., headquartered in South San Francisco, California with manufacturing facilities in China, is a rapidly growing manufacturer of photovoltaic (PV) solar modules under the 'Amerisolar' brand. Founded in 1993, the Company sells its products primarily to clients in Europe, North America and Asia. The Company also operates several subsidiaries in the People's Republic of China (PRC) that provide mechanical, electronic and fiber optic products manufacturing. For more information about Worldwide Energy & Manufacturing USA, please visit its website at

Safe Harbor Statement

The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact Information